Retirement plan

FBMC BENEFITS MANAGEMENT 401K PLAN

Name: FBMC BENEFITS MANAGEMENT, INC. - FBMC BENEFITS MANAGEMENT 401K PLAN (2016) Form 5500
Creator: FBMC BENEFITS MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FBMC BENEFITS MANAGEMENT 401K PLAN, FBMC BENEFITS MANAGEMENT, INC.

FBMC BENEFITS MANAGEMENT, INC.EIN 59-1657263Plan #002PY 2016

3101 SESSIONS ROAD - TALLAHASSEE, FL 32303800-872-0345fbmc.comLinkedIn51-200 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$1.7M assets

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$4.6M

+0.3% from 2015

Total participants

151

-5.6% from 2015

Average account balance

$44,003

+2.3% from 2015

Annual return

5.88%

+4.64 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$8.84M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$72K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

123

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$711K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.34%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$130

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$11,675
LAW OFFICES OF CARROLL AND SCULLY1 year Filed as: LAW REDD CRONA AND MUNROE PA Service code 10 2075 CENTRE POINTE BLVD STE 200 · TALLAHASSEE, FL 32308	Accounting	$9,846

Plan features & details

Pension benefit codes2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$199 / participant

Contract admin$22K90.9%
Other / not subdivided$2K9.1%

% of EOY assets

0.517%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LAW, REDD, CRONA & MUNROE, PA
Auditor EIN: 592221664
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,003

$75,183-41.5%

$123,894-64.5%

$55,167-20.2%

Participation rate

60.5%

72.8%-12.3pp

81.4%-20.9pp

69.0%-8.5pp

Annual return

5.88%

19.01%-13.1pp

47.52%-41.6pp

169.23%-163.3pp

Employer contribution / active EE

$576

$2,823-79.6%

$4,617-87.5%

$1,963-70.7%

Participant deferral / active EE

$2,269

$5,084-55.4%

$5,984-62.1%

$3,054-25.7%

Admin fee / account holder

$228

$663-65.6%

$8,357-97.3%

$504-54.8%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$11,675

LAW OFFICES OF CARROLL AND SCULLY1 year

Filed as: LAW REDD CRONA AND MUNROE PA

Service code 10

2075 CENTRE POINTE BLVD STE 200 · TALLAHASSEE, FL 32308

Accounting

$9,846

FBMC BENEFITS MANAGEMENT 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FBMC BENEFITS MANAGEMENT 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion